Gold Prices sees a moderate week

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Gold Prices sees a moderate week

HDFC Securities recently said that the gold prices gained Rs. 185 up to an amount of Rs. 49,757 per 10 gram. It was in Delhi on Monday that the gold rate was talked about. This is going in line with the price of all the precious metals globally. In the national capital of India, the gold prices rose continually for three days and then dropped drastically. In an earlier trade, the gold rates had closed at Rs. 49,572 per 10 gram. The rate of silver jumped by up to an amount of Rs. 1,322. From the earlier Rs. 66,834 per kilogram it has now reached to Rs. 68,156 as witnessed in the last trade.

In the international market, Gold was trading with a gain at $1,885 per ounce and silver following it at $26.32 per ounce. Tapan Patel, Senior analyst, HDFC Securities said that the increase in gold prices during dollar decline is indicative. He further went on to say that it is also due to the new corona virus strain that led to a lift in gold prices. On Tuesday the gold market saw a marginally increase by Rs 39 to Rs 49,610 per 10 gram. In the last trade, gold rates closed at Rs 49,571 per 10 gram. The rate of Silver prices gained marginally by Rs 36 to Rs 68,156 per kilogram from Rs 68,120 per kilogram.

The National Capital on the New Years’ day, the rate of gold went low by Rs. 20 to Rs. 49,678 per 10 gram. These precious metal closed their rates at Rs. 49,698 per 10 gram during the last trade. It is not just the rate of gold, but the rates of silver also declined by Rs. 404. It decreased from Rs. 67,924 per kilogram to Rs. 67,520. The international market saw gold rates at a low of $1,895 and silver was flat at $26.34.

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